Healthcare Services Acquisitions in 2020

An affiliate of H.I.G. Capital completed the acquisition of Crothall Laundry Services, a leading provider of outsourced laundry and linen management services to the healthcare and hospitality sectors. Crothall was formerly a subsidiary of Compass Group plc. H.I.G. will partner with Crothall’s management team to support continued expansion.

Accel-KKR acquired OrthoBanc, LLC and combined it with its existing portfolio company OrthoFi, which Accel-KKR had invested in during 2019. The combined corporate entities will operate under the OrthoFi name, led by CEO David Ternan, expanding offerings across orthodontic patient acquisition software and revenue cycle/payment management services.

The Emmes Company, LLC, a portfolio company of Behrman Capital, acquired Neox S.R.O., a clinical research organization (CRO). The deal is Emmes’ first add-on acquisition and is intended to expand Emmes’ BioPharma capabilities and European presence, particularly in Central and Eastern Europe. Financial terms were not disclosed.

Discovery Behavioral Health acquired Prosperity Wellness Center, a 40-bed adult residential treatment facility focused on substance use disorders. Prosperity, headquartered in Tacoma, Washington, becomes the tenth brand added to Discovery’s national behavioral health platform and expands Discovery’s footprint in Washington state.

Dalrada Financial Corp., via its subsidiaries Dalrada Health Products and Dalrada Precision, announced acquisitions/planned acquisitions to expand in healthcare and engineering. Dalrada Health Products signed letters of intent to acquire 100% of Pacific Stem Cells, LLC and International Health Group, Inc. through a stock-and-cash exchange, while Dalrada Precision acquired a percentage ownership stake in Malaysia-based CHP Industrial Solutions to bolster CNC and custom parts manufacturing capabilities.

Olympus Partners acquired ONsite Mammography, a provider of in-office women’s health imaging services (including mammography and screening ultrasound) delivered through partnerships with physician practices across the U.S. Revelstoke Capital Partners exited its investment in ONsite (initially made in November 2017) through the sale. ONsite is headquartered in Westfield, Massachusetts and operates at more than 75 locations nationwide.

Help at Home, a portfolio company of Centerbridge Partners, L.P. and The Vistria Group, acquired The Adaptive Group (Adaptive) in a transaction that closed on December 24, 2020. Adaptive is a provider of home care, home health, and hospice services across Indiana. Financial terms were not disclosed.

EverCommerce completed the acquisition of Updox, a healthcare communication platform supporting in-person and virtual care. Updox will join EverCommerce’s health services portfolio to expand the suite of solutions offered to healthcare practices; financial terms were not disclosed.

Firstsource Solutions Limited has acquired PatientMatters, a healthcare revenue cycle management (RCM) solutions provider. The deal expands Firstsource’s Healthcare Provider business by adding front-end RCM capabilities such as pre-authorization and patient bill estimation and deepening its presence in large U.S. markets including Texas and New York.

EyeSouth Partners, an eye care-focused management services organization backed by Shore Capital Partners, completed an affiliation with Eye Center of Texas (ECT). The transaction expands EyeSouth’s presence in Texas and adds ECT’s ophthalmology practice footprint in the Greater Houston area to EyeSouth’s growing network.

IBH Population Health Solutions (Integrated Behavioral Health, Inc.) completed its acquisition of HMC HealthWorks, expanding IBH’s offerings to include chronic condition management, wellness, pharmacy specialty services, and enhanced data analytics. The combined company broadens IBH’s capabilities in managed behavioral health, EAP, and opioid & pain management for customers including Taft-Hartley, government, labor and trust funds across the United States.

Intrado Corporation acquired Asparia, Inc., a provider of SaaS patient engagement solutions for health systems, hospitals, and medical practices. The acquisition adds Asparia’s cloud-native, EHR-integrated patient communication platform (including SMS/voice outreach, check-in, and chatbot functionality) to Intrado’s technology-enabled services portfolio.

Revelstoke Capital Partners, a Denver-based private equity firm, made an investment in Family Care Center (FCC) to help expand access to high-quality outpatient mental healthcare services. FCC, headquartered in Colorado Springs, provides outpatient psychiatry and behavioral health services to U.S. Armed Forces members, veterans, and surrounding communities, and plans to use the partnership to expand its clinic footprint in Colorado and into new states.

BayMark Health Services announced the acquisition of Echo Treatment Center, an opioid treatment provider based in Washington, Pennsylvania. Echo Treatment provides outpatient medication-assisted treatment (including methadone) and substance abuse counseling, and the facility will operate under BayMark’s MedMark Treatment Centers brand.

Apara Autism Centers, a Texas-based ABA therapy platform and a portfolio company of Havencrest Capital Management, completed the acquisition of Behavior Pioneers. Behavior Pioneers is a Dallas, Texas-based provider of clinic- and home-based Applied Behavior Analysis (ABA) therapy services for children with autism spectrum disorder.

An affiliate of Sun Capital Partners, Inc. entered into a definitive agreement to acquire Miami Beach Medical Group (MBMG) from Gauge Capital; the transaction closed on December 14, 2020. Headquartered in Doral, Florida, MBMG provides primary, specialty, and ancillary care services to Medicare Advantage and Managed Medicaid members under global at-risk contracts through a network of 19 medical and wellness centers and an affiliated MSO.

DataLink Software has acquired Miami-based Orizon360°, a healthcare data integration and financial informatics company. The deal expands DataLink’s Evoke360 solution with Orizon360°’s Rockerbox platform capabilities in value-based risk analytics, quality measures management, and financial informatics, while increasing DataLink’s footprint in Florida. The acquisition was supported by DataLink’s lead investor, Revelstoke Capital Partners.

Funds advised by Triton acquired Klinik Schöneberg, an attending hospital with an attached outpatient clinic in central Berlin, Germany. Financial terms of the transaction were not disclosed.

WellNow Urgent Care announced it has acquired Hometown Urgent Care & Occupational Health, an urgent care and occupational health provider with 34 locations across Ohio and Michigan. The deal nearly doubles WellNow’s footprint and positions it among the top 10 urgent care providers in the United States.

GI Alliance announced its expansion in Louisiana through a partnership with Metropolitan Gastroenterology Associates (MGA), the largest GI physician group in the state based in New Orleans. The combination adds MGA’s gastroenterology providers and locations in the New Orleans area (and affiliated physicians in Baton Rouge and Thibodaux) to GI Alliance’s statewide presence.

NMS Capital partnered with Strive Medical’s management to complete a recapitalization of the company; financial terms were not disclosed. Strive Medical, headquartered in Irving, Texas, distributes urological, wound care, and other disposable medical supplies directly to patients in the home setting across 19 states.

Gryphon Investors acquired Physical Rehabilitation Network (PRN), a leading outpatient physical therapy operator in the Western United States, from Silver Oak Services Partners. Silver Oak is reinvesting in the newly recapitalized company, and PRN management (including CEO Ajay Gupta) will remain in place and retain an equity stake. Financial terms were not disclosed.

Radiology Partners (RP) completed its acquisition of MEDNAX Radiology Solutions, a division of MEDNAX, Inc., in a transaction valued at approximately $885 million. The deal closed and became effective on December 15, 2020 following required regulatory approvals, including the FTC Hart-Scott-Rodino antitrust review. MEDNAX had previously announced its intent to divest its radiology division in June 2020.

HCAP Partners exited its investment in Mission Healthcare, a home health and hospice services provider headquartered in San Diego, California. The Vistria Group invested in Mission Healthcare to support its continued growth in Southern California and other markets; financial terms were not disclosed.

Sterling Healthcare Logistics announced it has acquired ABS Vaccines to expand its healthcare supply chain management services and solutions. ABS Vaccines helps healthcare providers negotiate compliant vaccine and pharmaceutical contracts with major manufacturers and vendors to access discounts.

Livingbridge announced an investment in two Australian general practice groups, Better Medical and SmartClinics, to facilitate their combination into a larger GP platform. The combined business is expected to become the fifth-largest general practice platform in Australia, with 64 clinics and about 450 doctors across multiple states. Existing shareholders (including doctors and management) and Genesis Capital (majority shareholder of SmartClinics) will continue as ongoing shareholders alongside Livingbridge.

BayMark Health Services acquired Choices of Louisiana, an opioid treatment provider operating three opioid treatment programs (one in Alexandria and two in the New Orleans market). The clinics provide medication-assisted treatment (e.g., methadone or buprenorphine) supported by substance use counseling and will operate under BayMark’s BAART Programs brand in Louisiana.

TA Associates completed a significant growth investment in The Benecon Group (Benecon), a developer and manager of self-funded medical benefit programs; financial terms were not disclosed. Benecon, headquartered in Lititz, Pennsylvania, provides actuarial, compliance, finance and producer services to help SMBs and other employers design and implement self-funded health plans across the United States.

Medicure Inc., through its wholly owned U.S. subsidiary Medicure Pharma Inc., entered into a definitive agreement to acquire 100% of Marley Drug, Inc. The deal includes an upfront payment of USD $6.3 million at closing (subject to holdbacks) plus additional earn-out payments based on future performance, expanding Medicure into the U.S. online/specialty pharmacy market.

3 Rivers Capital portfolio company Amazing Care Home Health Services, Inc. acquired the business of Lakeway Home Health (LHH), a skilled home health care provider focused on critically ill pediatric clients. The acquisition expands Amazing Care beyond its Denver-area footprint into Texas, where LHH is headquartered in Temple and serves surrounding markets including Austin and Waco.

BayMark Health Services acquired Liberty Bay Recovery Center, a residential substance use disorder treatment facility in Portland, Maine. The acquisition expands BayMark’s addiction treatment portfolio into U.S.-based residential treatment services alongside its existing Canadian residential facility, Greenestone Muskoka.

New Harbor Capital announced the sale of Community Psychiatry Management, LLC to Centerbridge Partners. Community Psychiatry, headquartered in Sacramento, California, is a leading provider of outpatient behavioral health services delivered through 40+ clinics and via telemedicine across California.

Linden Capital Partners announced a majority investment in Specialty Networks, LLC alongside existing shareholders including Nautic Partners and company management. Specialty Networks, headquartered in Rocky River, Ohio, provides group purchasing, analytics, consulting, and MSO-related services to the independent urology community.

Investcorp announced that it has acquired Sanos Group, a Denmark-based specialized Contract Research Organization providing clinical trial services to pharmaceutical and biotechnology companies. Investcorp plans to support Sanos’ growth by deepening its osteoarthritis-focused franchise, expanding into additional therapeutic areas, and growing its research clinic network into new geographies.

Atlanta Oral & Facial Surgery (AOFS) and Bay Area Oral Surgery Management (BAOSM) entered into a strategic partnership with private equity firm Blue Sea Capital to form Beacon Oral Specialists, a management services organization supporting oral surgery practices. Blue Sea Capital made a substantial growth investment in Beacon to help scale administrative and business support capabilities and enable continued expansion through future affiliations.

Chiro One Wellness Centers announced the acquisition of HealthZone, a chiropractic clinic in Geist, Indiana (northeastern Indianapolis). The HealthZone clinic will transition to the Chiro One Wellness Center brand, expanding Chiro One’s presence in the Indianapolis market.

Ergomed plc acquired MS Clinical Services, LLC (MedSource), a Houston, Texas-based clinical research organization focused on oncology and rare disease clinical trials. The deal expands Ergomed’s U.S. CRO footprint and adds MedSource’s order book and capabilities, with consideration consisting of upfront cash plus potential shares and earn-out payments tied to performance.

Caymus Equity Partners' portfolio company Excel Orthopedic Rehabilitation, P.A. acquired Family Focus Physical Therapy P.A., an outpatient physical therapy provider serving southern and central New Jersey. The deal closed in December 2020 and represents Excel’s fourth strategic acquisition since Caymus Equity’s majority recapitalization of Excel in November 2016.

Varsity Healthcare Partners-backed DuvaSawko completed a strategic merger with abeo Management Corporation, combining two outsourced revenue cycle management (RCM) leaders serving emergency medicine and anesthesia practices, respectively. Parthenon Capital exited its investment in abeo as part of the transaction, with Varsity Healthcare Partners contributing additional equity and committing future capital to support further acquisitions. Michael O'Boyle, abeo’s CEO, will lead the combined entity as CEO, with both management teams retained as meaningful shareholders.

Titanium Healthcare Inc. announced it has acquired Your Community Medical Group, a primary care and obstetrics practice with clinics in Bell Gardens and Baldwin Park, California. Titanium plans to retain existing staff and enhance services with tele-health, improved processes, and technology to continue serving the clinics’ largely Medicaid patient population.

Amulet Capital Partners completed the sale of its portfolio company, Synteract, to Syneos Health. Synteract is a full-service contract research organization (CRO) serving emerging biopharma clients across all phases of drug development.

US Radiology Specialists acquired ImageSouth, an outpatient diagnostic imaging provider headquartered in the Birmingham, Alabama area. The acquisition expands US Radiology's outpatient imaging footprint in the southeastern United States and supports its strategy to build a national outpatient imaging services network.

The Riverside Company signed a definitive agreement to acquire a majority stake in Clinical Education Alliance, LLC (CEA), a Virginia-based provider of interactive live and web-based certified continuing medical education (CME) and related training for healthcare professionals. Renovus Capital Partners is selling its majority position and will remain a minority investor to support CEA’s continued growth, including expansion of therapeutic areas, end-user base, technology offerings, and potential add-on acquisitions.

The Care Team (TCT), a Revelstoke Capital Partners portfolio company, completed the acquisition of InTeliCare Home Health and Hospice (ITC). The deal is TCT’s first acquisition since partnering with Revelstoke and is intended to expand TCT’s home health and hospice footprint across Michigan’s lower peninsula and the broader Great Lakes region. InTeliCare’s prior owners, Irene Tuttle and Todd Josephson, will remain involved in an advisory capacity.

Affiliates of Kelso & Company (Kelso Fund X) acquired a majority equity interest in Refresh Mental Health, a U.S. provider of outpatient mental health services. The stake was purchased from funds managed by Lindsay Goldberg, and the investment was made in partnership with Refresh’s management team.

ERT agreed to merge with Bioclinica, and the companies closed the merger on April 28, 2021, creating a global leader in clinical trial endpoint technology and data solutions for pharmaceutical and biotechnology customers. Under the transaction, Cinven (Bioclinica’s owner) became a significant minority shareholder of ERT alongside Nordic Capital, Astorg and Novo Holdings A/S; Joe Eazor will serve as CEO of the combined company.

Clinical Reference Laboratory (CRL) has acquired Confirm BioSciences, a provider of comprehensive screening tools and solutions. Confirm will continue operating as a subsidiary under its current name, with the deal expanding Confirm’s access to lab testing services and R&D capabilities while CRL gains access to Confirm’s customer base and COVID-19 testing product pipeline.

New Capital Partners (NCP) announced that it has invested in Healthfuse, a healthcare revenue cycle vendor performance and management services company. Healthfuse provides vendor sourcing, advisory, and automated auditing solutions to hospitals and health systems, and its existing management team will continue to lead the business in partnership with NCP.

Remedy Health Media, a portfolio company of Topspin Consumer Partners, announced the acquisition of Patient Power, an online consumer-focused cancer patient network. The deal expands Remedy’s digital health content and community offerings in oncology, complementing its existing portfolio of trusted health brands.

Arlington Capital Partners made a majority investment in Everest Clinical Research Corporation in partnership with Everest’s founding shareholders and senior management. Everest will continue to be led by its existing management team and will use the investment to support further growth and expanded clinical research service capabilities.

Caravel Autism Health acquired Behavior Therapy Solutions of Minnesota (BTS) to expand access to autism therapy, psychological assessments, and outpatient counseling services for families across the Twin Cities. BTS’s team and Woodbury clinic services will be integrated to increase capacity for diagnostic assessment and evidence-based treatment for children on the autism spectrum.

Delic Holdings Inc. entered into a binding letter agreement to acquire Ketamine Infusion Centers LLC (KIC) via a reverse triangular merger, buying all membership interests of KIC. The consideration is valued at USD $2.25 million in Delic shares, with an additional earnout of up to USD $0.8 million in shares tied to the profitability and revenue performance of KIC’s Bakersfield, California clinic.

Epiphany Dermatology announced a partnership with Mesquite | DeSoto Dermatology to expand Epiphany’s presence in the Dallas–Fort Worth metroplex. Mesquite | DeSoto Dermatology, founded by Dr. Tang Le, will join the Epiphany network and gain operational and administrative support resources while continuing to provide dermatologic services across its two locations.

Traditions Health, LLC acquired Centennial Hospice, a provider of hospice services in Oklahoma. The deal strengthens Traditions Health’s presence in the Oklahoma City market, and Centennial’s President & CEO Kevin Offel will take on a regional leadership role post-transaction. Traditions Health is a portfolio company of Dorilton Capital.

Advanced Dermatology and Cosmetic Surgery announced the acquisition of Nielsen Dermatology, the Boynton Beach, Florida dermatology practice of Dr. Timothy Nielsen. Nielsen Dermatology will join Advanced Dermatology’s network of approximately 140 offices nationwide, expanding its South Florida presence and supporting continued growth in the region.

WCG acquired Trifecta Clinical, a provider of technology-enabled clinical trial solutions including the InvestigatorSpace site communication platform, virtual training programs, and safety documentation services. The deal expands WCG’s clinical research offerings and strengthens its ability to connect trial sites, sponsors, and CROs across the clinical trials ecosystem. Following the acquisition, Trifecta will operate as “WCG Trifecta” and retain its headquarters in Los Angeles.

Traditions Health, LLC, a provider of hospice and home health services and a portfolio company of Dorilton Capital, acquired Harbor Light Hospice. Harbor Light Hospice is a multi-state hospice provider headquartered in Winfield, Illinois, and its management team will remain with Traditions following the transaction. The deal expands Traditions’ footprint into several new markets.

Pharos Capital Group, through its Family Treatment Network (FTN) platform, acquired Catalyst Behavioral Solutions, a Utah-based provider of mental and behavioral health services focused on autism and other behavioral issues. The acquisition expands FTN’s outpatient behavioral health footprint into Utah, complementing FTN’s adolescent residential treatment center Logan River Academy. Transaction terms were not disclosed, and Catalyst’s leadership team will continue to lead the business.

TRIMEDX acquired Centurion Service Group, a full-service surplus medical equipment management company, to expand TRIMEDX’s Clinical Asset Management offering. Centurion will operate as a subsidiary of TRIMEDX, adding auction, e-commerce marketplace, and medical equipment pricing data capabilities to help healthcare providers better manage and monetize excess clinical assets. TripleTree LLC served as exclusive financial advisor to Centurion Service Group on the transaction.

Kohlberg & Company acquired a majority stake in PCI Pharma Services, a global pharmaceutical and biopharmaceutical supply chain solutions provider headquartered in Philadelphia, Pennsylvania. Mubadala Investment Company became a significant/minority investor and Partners Group retained a meaningful minority stake following the sale of its prior majority position (on behalf of its clients and alongside investment partners Thomas H. Lee Partners and Frazier Healthcare Partners). Terms of the transaction were not disclosed.

An affiliate of Eye Academy Holdings, Inc. dba EVP Eyecare (a portfolio company of Cortec Group Fund VI) acquired Rottman Eye Care, P.C. and Ashley R. Ford, O.D., PLLC, and separately acquired May Eye Care, Inc. Terms were not disclosed. The acquired practices are full-service ophthalmology clinics in Colorado, and their founding doctors will continue to lead the clinics.

CarepathRx entered a landmark partnership with UPMC’s Chartwell subsidiary under which CarepathRx will acquire the management services organization that provides operational and strategic management for Chartwell. As part of the same agreement, UPMC will become a strategic investor in CarepathRx, expanding CarepathRx’s specialty pharmacy and home infusion capabilities and access for patients.

AccuRisk Solutions LLC, a Chicago-based managing general underwriter, acquired Case Management Specialists, Inc. (CMS), an independent medical management and wellness company. The acquisition closed effective December 1, 2020, and is intended to strengthen AccuRisk’s cost containment and occupational accident client solutions leveraging CMS’s medical management and predictive analytics expertise.

Cytel Inc. announced the acquisition of Purple Squirrel Economics, a specialized health economics and outcomes research (HEOR) consultancy. The deal expands Cytel’s global HEOR and value communications capabilities across the clinical development lifecycle and strengthens its real-world and advanced analytics offering.

AdaptHealth Corp. entered into a definitive agreement to acquire AeroCare Holdings, Inc., a national technology-enabled respiratory and home medical equipment (HME) distribution platform headquartered in Orlando, Florida. The transaction valued AeroCare at approximately $2.0 billion (debt-free, cash-free) and was structured as about $1.1 billion in cash plus 31 million shares of AdaptHealth stock; it was announced December 1, 2020 and completed February 2, 2021. AeroCare’s shareholders (including Peloton Equity, SkyKnight Capital, SV Health Investors, Morgan Stanley AIP Private Markets’ Secondaries Team, and management/employees) rolled equity into AdaptHealth, which will operate under the AdaptHealth name with Luke McGee and Steve Griggs serving as co-CEOs.

An affiliate of H.I.G. Growth Partners, the growth capital arm of H.I.G. Capital, completed a strategic investment in Pinnacle GI Partners, the affiliated management services organization for The Center for Digestive Health (CDH). The transaction supports CDH’s expansion of gastrointestinal care services across Michigan, with debt financing for the recapitalization provided by Deerpath Capital Management.

Select Rehabilitation signed a definitive agreement and completed the acquisition of Kindred Healthcare’s RehabCare contract therapy business (part of Kindred Rehabilitation Services). Terms were not disclosed; financing was provided by Truist, BBVA Securities and Fifth Third Bank, with Truist Securities advising Select. Following the deal, Select employs about 17,000 rehabilitation therapists serving more than 2,300 post-acute facilities and other care settings across 43 U.S. states.

PrairieCare was acquired by Newport Healthcare, a portfolio company of Onex Corporation. Bridgepoint Investment Banking served as PrairieCare’s sole financial advisor on the transaction.

Ontario Teachers' Pension Plan Board acquired a majority interest in NVISION Eye Centers, a multi-site provider of comprehensive ophthalmology and eye care services in the Western United States. NVISION founder Dr. Tom Tooma will retain a significant minority stake and continue as Chief Medical Officer and a board member; financial terms were not disclosed.

H2 Equity Partners has exchanged contracts to acquire Optegra International Limited, a pan-European ophthalmology group operating 23 eye hospitals across the United Kingdom, Czech Republic, and Poland. The transaction is expected to complete in early 2021 following satisfaction of regulatory conditions, with Optegra’s management team continuing to lead the business and execute its growth strategy post-investment.

Transaction Data Systems (TDS) announced it has acquired KloudScript, a cloud-based specialty pharmacy care solution. The acquisition expands TDS’s community pharmacy technology offering by adding KloudScript’s specialty medication tools and services, and KloudScript CEO/founder Rinku Patel will join TDS as SVP of Specialty Business.

DataLink Software received a significant growth equity investment from an investor group led by DWS's global private equity business, with existing investor Revelstoke Capital Partners also participating. The capital will support expansion of DataLink’s population health SaaS platform, bolster provider engagement services, and fund strategic M&A initiatives. Separately, DataLink also raised a senior secured credit facility led by Varagon Capital Partners with participation from Comvest Partners and BC Partners Credit to help pursue acquisitions.

ENT Partners, LLC announced the acquisition and partnership with Specialty Care Institute (SCI), an ENT medical and surgical services provider serving the Chicagoland area. The transaction is intended to provide SCI with additional management resources and capital to support scalability, expansion, and operational efficiencies while maintaining clinical focus.

Uniphar plc, a Dublin-headquartered diversified healthcare services company, acquired US-based RRD International. RRD provides strategic, regulatory, and operational product-development support to biopharmaceutical companies, and will strengthen Uniphar’s US Product Access capabilities, particularly for expanded access programs (EAPs). Under the agreement, RRD will continue to operate autonomously with its management team remaining engaged; consideration included an upfront payment plus contingent EBITDA-based earnout.

Hospice Source, a provider of durable medical equipment focused on the hospice market, acquired Superior Healthcare, Inc., headquartered in Martinez, California. The deal expands Hospice Source’s hospice-focused HME footprint in Northern California and strengthens its position in California. Hospice Source is a portfolio company of Transition Capital Partners.

U.S. Urology Partners, a portfolio company of NMS Capital, announced a strategic partnership with Associated Medical Professionals of New York (AMP). The combination expands U.S. Urology Partners’ platform and creates one of the largest independent providers of urological and other specialty services in the United States; financial terms were not disclosed.

Signify Health has acquired PatientBlox, a healthcare technology company specializing in distributed ledger (blockchain) solutions. Signify plans to integrate PatientBlox’s technology into its value-based care platform to enhance prospective episode-of-care payment capabilities and support the transition away from fee-for-service models.

Quantum Health announced a significant growth investment led by Warburg Pincus, with existing majority shareholder Great Hill Partners retaining a significant stake. The investment is intended to accelerate Quantum Health’s technology platform and service delivery capabilities for its healthcare navigation and care coordination services to self-insured employers. Financial terms were not disclosed.

BayMark Health Services acquired Limestone Health, an opioid treatment provider with locations in Bloomington and Lafayette, Indiana. Limestone was formerly owned by Springstone, Inc. and will operate under BayMark’s MedMark Treatment Centers brand, expanding BayMark’s medication-assisted treatment (MAT) footprint in Indiana.

New Harbor Capital portfolio company FYZICAL completed an add-on acquisition of two Michigan-based franchisee physical rehabilitation clinics. The deal expands FYZICAL’s corporate-owned footprint in the Midwest and supports broader rollout of pilot initiatives and best practices across its franchise network.

Shore Capital Partners entered into a strategic partnership with Women's Health Group (WHG), a leading OB/GYN services provider with nine locations in Greater Denver. The partnership is intended to provide capital and operational support to help WHG expand its footprint across the Mountain West and pursue affiliations with other independent OB/GYN practices.

Providence Service Corporation (through its subsidiary LogistiCare) acquired Simplura Health Group, a provider of home care services for elderly and disabled patients. Simplura is headquartered in Valley Stream, New York, and the transaction represents the exit of private equity owner One Equity Partners following its 2016 investment and a period of acquisition-driven expansion.

Baird Capital announced an investment in Upfront Healthcare, an omnichannel communication and patient engagement platform. Upfront Healthcare, founded in 2016 and based in Chicago, provides extensible digital solutions that guide and motivate patients across multiple channels to complete appropriate care.

Volaris Group acquired medaptus, a healthcare information technology company with solutions spanning revenue cycle, patient assignment, and throughput. The deal expands Volaris Group’s footprint in healthcare IT and adds medaptus’ automation capabilities and customer base to Volaris’ healthcare software portfolio.

US Digestive Health, an Amulet Capital Partners-backed gastroenterology management services organization, announced it has partnered with West Chester GI Associates (WCGI). The partnership adds WCGI to US Digestive Health’s growing Pennsylvania network of gastroenterology providers and services.

Central Logic, a healthcare access and orchestration technology company, acquired Ensocare, an Omaha-based provider that automates inpatient referrals to post-acute care. The deal expands Central Logic’s capabilities beyond acute-care intake and transfers to include transitions from hospitals to post-acute settings such as skilled nursing, rehabilitation, long-term acute care, and home care, leveraging Ensocare’s network of more than 50,000 post-acute care providers.

AccuReg, a healthcare technology solutions provider focused on front-end revenue cycle management and patient access, has acquired Zenig, a digital patient engagement technology company. The deal adds Zenig’s touchless check-in, virtual waiting room, patient flow and bi-directional communication capabilities to AccuReg’s patient access suite to create a more seamless, automated digital patient access and engagement experience for health systems and hospitals.

CareMax acquired Dr. Antonio Cardona’s internal medicine practice, Cardona Medical Center, adding it to its network of value-based clinics in South Florida. The deal makes Dr. Cardona’s practice the 13th CareMax center and expands services available to patients through CareMax’s broader clinic offerings and operational support.

Point Health, a digital health startup headquartered in Austin, Texas, announced plans to acquire The Karis Group, a healthcare navigation and medical bill negotiation company. The combination will merge Point Health’s technology and product capabilities with The Karis Group’s healthcare pricing data and navigation expertise to build a digital-first healthcare navigation platform and marketplace. The companies expect to operate as one company under the Point Health brand in Q1 2021.

AccentCare and Seasons Hospice & Palliative Care signed a definitive agreement to combine their organizations, creating a larger provider of home health, personal care, hospice, and palliative care services. Advent International, the private equity owner of AccentCare, is participating in the transaction, which also includes Seasons-related businesses Health Resource Solutions (HRS) and Gareda.

Centauri Health Solutions, a healthcare technology and services company backed by Abry Partners (with Silversmith Capital Partners and SV Health Investors), acquired Ivy Ventures, LLC, a Virginia-based healthcare growth solutions firm focused on referral-driven service lines and care coordination. The deal expands Centauri’s hospital revenue cycle optimization offerings by adding Ivy’s referral management, scheduling, analytics, and outreach capabilities. Financial terms were not disclosed.

DW Healthcare Partners (DWHP) announced an investment in CareXM, a provider of virtual care and patient engagement solutions for post-acute and non-acute healthcare providers. CareXM’s HIPAA-compliant platform offers 24/7 virtual care services such as clinical nurse triage and integrates with electronic medical record and scheduling systems used by providers across the United States.

New Harbor Capital portfolio company FYZICAL completed an add-on acquisition of three Connecticut-based franchisee physical rehabilitation clinics. The deal expands FYZICAL’s corporate-owned clinic footprint into the Northeast and supports broader rollout of pilot initiatives and best practices across its franchise network.

A consortium including Centerbridge Partners and The Vistria Group acquired Help at Home, LLC from Wellspring Capital. Wellspring will remain a minority investor following the transaction, and financial terms were not disclosed. Help at Home is a Chicago-headquartered provider of home care and community-based services operating across 13 U.S. states.

Cano Health, a value-based primary care and population health platform for seniors, entered into a definitive merger agreement with SPAC Jaws Acquisition Corp. to become a publicly traded company on the NYSE under the ticker "CANO." The business combination values Cano Health at an enterprise value of approximately $4.4 billion and includes up to $1.49 billion of gross proceeds, including an $800 million PIPE led by Barry Sternlicht and participated in by investors including Fidelity-affiliated funds, BlackRock-managed funds/accounts, Third Point, and Maverick Capital.

New Capital Partners (NCP) and OSF Ventures announced an investment in DotCom Therapy, Inc., a virtual behavioral health and teletherapy provider. DotCom Therapy, headquartered in Madison, Wisconsin, delivers speech therapy, mental health counseling, occupational therapy, and autism spectrum disorder therapy through its therapist network and proprietary platform.

Funds managed by Vesey Street Capital Partners completed a recapitalization of QualityMetric, a provider of patient-reported outcomes measurement tools and survey technology for healthcare and life sciences companies. VSCP and affiliates provided the equity, with debt financing from First Eagle Alternative Credit and Morgan Stanley Credit Partners; transaction terms were not disclosed.

J. Knipper and Company, Inc. and its affiliates including KnippeRx finalized the acquisition of Eagle Pharmacy, LLC, a direct-to-patient pharmacy based in Lakeland, Florida. The deal expands Knipper’s pharmacy programs and adds state-of-the-art operational automation and scalability to support customized drug programs and faster dispensing and shipping services.

Velocity Clinical Research acquired eStudySite Inc, adding two clinical trial sites in La Mesa and Chula Vista in the San Diego, California area to its North American portfolio. The deal is intended to expand Velocity’s clinical testing capabilities (including COVID-19 treatment and vaccine trials) and improve recruitment of volunteers from minority communities, particularly Hispanic communities.

Nexteligent Holdings, Inc. acquired Professional Revenue Management Services (PRMS), a national provider of healthcare revenue cycle management services including A/R management, medical coding, and electronic claims processing. PRMS will enhance Nexteligent’s NexteliFin division, and PRMS founders Kevin Harrington and Todd Bales will continue with the business post-acquisition.